Business

Ex-IBM chief to advise Bloomberg on privacy

NEW YORK — Bloomberg LP, the financial news and information service, said Friday it has appointed Samuel Palmisano, the former chief executive of IBM, as an independent adviser on its privacy and data standards.

The move comes a week after revelations that Bloomberg journalists had access to some information on customers’ use of Bloomberg’s data terminals, including when they last logged in.

The company apologized for the breach of privacy. The Federal Reserve and the European Central Bank have said they are looking into Bloomberg’s use of data.

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Palmisano will review Bloomberg’s practices and policies for client data and advise on changes, the company said.

Bloomberg also said Clark Hoyt, an editor at Bloomberg and the former editor-at-large at The New York Times, will review the relationship between Bloomberg’s news service and its commercial operations.